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Modular Instruments Market Analysis & Trends Over the Forecast Period 2020-2025

02-14-2020 01:38 PM CET | Leisure, Entertainment, Miscellaneous

Press release from: IMARC Group

Modular Instruments Market

Modular Instruments Market

According to the latest report by IMARC Group, titled "Modular Instruments Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025", the global modular instruments market reached a strong growth in 2019. Modular instruments are devices, which are utilized for the configuration of automated test and measurement (T&M) equipment. They use the computer-user interface for connecting functional cards and accommodating input and output channels. A modular instrumentation system consists of chassis and power supply, which are shared across instrument modules. This system aids in reducing cost and size, and achieving faster output, greater flexibility and longevity.

Some of the key players being AMETEK, Inc. NYSE: (AME), Astronics Corporation NASDAQ: (ATRO), COBHAM/PAR VTG FPD 0.025 OTCMKTS: (CBHMF), Fortive Corporation, JDS Uniphase, Keysight Technologies, National Instruments, Pickering Interfaces, Premier Measurement Solution, Rohde & Schwarz, Scientech Technologies, Teledyne Lecroy, Teradyne, Viavi Solutions, Yokogawa Electric Co. Ltd. etc.

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As modular instruments are flexible, cost-effective and available in various sizes, they are employed in the telecommunication sector across the globe. Furthermore, they are utilized in photonics production, submicron and nano-precision technology, and mechanical and electrical engineering. This, coupled with the advancements in the Internet of Things (IoT) solutions and boosting sales of consumer electronics, is driving the global modular instruments market growth. Apart from this, extensive utilization of modular instruments, such as automatic test equipment, machine vision systems, network analyzers, spectrum analyzers and signal generators in the aerospace and defense industry worldwide, is creating a positive outlook for the market.

Market Breakup by Vertical:
o Aerospace and Defense
o Automotive
o Electronics and Semiconductor
o Telecommunication
o Others

Market Breakup by Platform Type:
o Axle

Market Breakup by Application:
o Research and Development
o Manufacturing and Installation

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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